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3 years ago

What is liberalisation?

Business

1 answer:

konstantin123 [22]3 years ago

6 0

Answer:

Explanation:

Liberalisation is the process or means of the elimination of control of the state over economic activities. It provides a greater autonomy to the business enterprises in decision-making and eliminates government interference

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How would accountants estimate the amount of a company's uncollectible accounts expense? Multiple Choice

Gennadij [26K]

Answer:

Explanation:

accountants estimate the amount of a company's uncollectible accounts expense by following methods

-consider new circumstances that are anticipated to be experienced in the future,

-compute as a percentage of credit sales,

-and/or consult with trade association and business associates

All of these choices are correct.

5 0

3 years ago

Brief Exercise 12-06Flint Corporation owns a patent that has a carrying amount of $290,000. Flint expects future net cash flows

Morgarella [4.7K]

Answer:

Debit Impairment loss account $50,000

Credit Intangible asset account $50,000

Being entries to recognize impairment loss on patent.

Explanation:

According to IAS 36, an asset is impaired when the carrying amount of the asset is more than the recoverable amount. The recoverable amount is the higher of the fair value and the future net cash flow from the assets.

Given;

Carrying amount = $290,000

Expected future net cash flows from this patent = $240,000

Fair value of the patent = $133,000

The recoverable amount = $240,000 (as this is higher than the fair value)

Impairment is the difference between the carrying amount and the recoverable amount.

Impairment = $290,000 - $240,000

= $50,000

Entries required

Debit Impairment loss account $50,000

Credit Intangible asset account $50,000

Being entries to recognize impairment loss on patent.

7 0

3 years ago

Velshi Printers has contracts to complete weekly supplements required by forty-six customers. For the year 2018, manufacturing o

bixtya [17]

Answer:

$4,783.88

Explanation:

As for the provided information, the problem is based on activity based costing.

There are 3 activities:

i) Design Changes = $120,000 for 500 changes

Cost per change = $\frac{120,000}{500}$ = $240 for each change

ii) Setups = $380,000 for 4,000 setups

Cost per setup = $\frac{380,000}{4,000}$ = $95 for each setup

iii) Inspections = $100,000 for 9,000 inspections

Cost per inspection = $\frac{100,000}{9,000}$ = $11.11

In case of Money Managers, there is printing of 70,000 pages

Design charges = 12 design changes $\times$ $240 = $2,880

Setup charges = 17 setups $\times$ $95 = $1,615

Inspection charges = 26 inspections $\times$ $11.11 = $288.88

Total overhead cost for Money Managers = $2,880 + $1,615 + $288.88 = $4,783.88

4 0

3 years ago

At December 31, 2018, before any year-end adjustments, Bramble Company's Insurance Expense account had a balance of $2620 and it

zhuklara [117]

Answer:

Adjusted balance of Insurance Expense A/c = $2,800

Explanation:

There is some insurance expense already charged amounting $2,620

Further out of prepaid insurance the expense for the period = $2,800

This shall also be charged to expense as relates to current period.

Therefore, total expense for the period shall be $2,620 + $2,800

For this, entry will be:

Insurance expense A/c Dr. $2,800

To Prepaid Insurance A/c $2,800

Therefore, net adjusted balance of insurance expense = $2,620 + $2,800 = $5,420

5 0

3 years ago

In which part of a business plan would you find a description of the production technology, inventory procedures, quality issues

kaheart [24]

Answer:

BUSINESS OPERATIONS AND ORGANIZATION

Explanation:

Business plan - a plan for the implementation of business operations, company actions, containing information about the company, product, its production, markets, marketing, organization of operations and their effectiveness. Business planning is the definition of goals and ways to achieve them, through any planned and developed action programs, which in the implementation process can be adjusted in accordance with the changed circumstances. According to the definition of the Modern Economic Dictionary and the Big Economic Dictionary, a business plan is a plan, a program for carrying out business operations, enterprise actions, containing information about the enterprise, product, its production, sales markets, marketing, organization of operations and their effectiveness. A business plan is drawn up to describe the stages and ways of conducting an entrepreneurial operation, its profitability and is used to convince partners (creditors) of the advisability of the upcoming transaction, operation. In the “Economic Dictionary”, a business plan is a document developed by an enterprise in which the main aspects of a planned commercial event are systematized. That is, a business plan is the result of a consolidated systematic planning of the enterprise; This is a document of a strategic plan for the creation / development of an enterprise’s business, reflecting the current state, goals and strategy of achieving the expected needs and development of the enterprise. A business plan may also be the result of one-time project planning to solve a specific strategic task; This is the main document of the investment project, which sets out the essence, main characteristics, financial results and economic efficiency of the project. Business planning is the development of a business plan, that is, a procedure for collecting, processing information, making a system of interconnected management decisions in order to obtain the expected result.

Usually, Business Plan contains in 8 parts:

1.Executive summary

2. Background

3. Products and services

4. Markets and clients

5. Business operations and organization (the true answer to the question)

We can include there: location and premises, marketing and selling methodology, manufacturing, distribution, order processing/inventory control, company structure/organization, project management and management information systems/reporting.

6. Human resources

7. Legal framework, and environmental and social factors

8. Financial planning

5 0

3 years ago

What is liberalisation? ​

What is liberalisation?